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Official hints at early access to offsets in China ETS, reaffirms 2019-20 obligation

Published 08:58 on October 28, 2020  /  Last updated at 23:11 on October 28, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

China is developing an offset mechanism for its national emissions trading scheme, a government official said Wednesday, reaffirming the market’s intended 2019-20 compliance obligation but not responding to questions on when the programme might see its first trades.

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Oil major Total delivers first carbon neutral LNG cargo to China’s CNOOC

Published 12:12 on October 20, 2020  /  Last updated at 22:43 on October 20, 2020  /  China, China's Offset Market, International, Voluntary Market  /  No Comments

French oil major Total has delivered its first shipment of carbon neutral LNG, in the latest delivery of the fuel to China’s National Offshore Oil Corporation (CNOOC).

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Middle East’s Global Carbon Council resubmits CORSIA application for full eligibility

Published 23:00 on October 2, 2020  /  Last updated at 23:00 on October 2, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The Qatar-based Global Carbon Council (GCC) has made several revisions to its voluntary offset programme as it seeks full eligibility under the UN body ICAO’s CORSIA international aviation offset system, according to a document posted Friday.

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China might need 800 MtCO2e/year from nature-based solutions -govt advisor

Published 12:48 on September 29, 2020  /  Last updated at 00:46 on September 30, 2020  /  China, China's National ETS, China's Offset Market, International, Voluntary Market  /  No Comments

China will likely eventually need to store as much as 800 million tonnes of CO2e annually in natural sinks to meet its goal of becoming carbon neutral before 2060, according to a key climate policy advisor to the government.

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Senior official backs rapid expansion of China ETS

Published 02:57 on September 28, 2020  /  Last updated at 00:29 on September 29, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s steel sector should join the national emissions trading scheme as early as possible, a senior climate official said in Beijing over the weekend, signalling intent to accelerate the expansion of the world’s biggest carbon market.

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ANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later

Published 17:49 on September 24, 2020  /  Last updated at 00:12 on September 25, 2020  /  China, China's National ETS, China's Offset Market, International, Voluntary Market  /  No Comments

President Xi Jinping’s 2060 carbon neutral target will likely bring about massive offset demand in China in the long run, but market participants and observers expect the nation’s fledgling emissions trading system to remain unaffected initially.

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Voluntary offset prices flat in 2019 amid scramble for cheap renewable units -report

Published 21:38 on September 23, 2020  /  Last updated at 09:05 on September 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Voluntary carbon credit prices flatlined in 2019 amid increased transactions, as new buyers rushed to buy cheap renewables-sourced units ahead of this year’s cut-off for registering many clean energy projects.

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South Korean firm strikes rare China CDM deal

Published 08:43 on September 22, 2020  /  Last updated at 12:13 on September 22, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

A South Korean firm has struck a rare deal with a Chinese petrochemical group that will see the two launch a Clean Development Mechanism (CDM) project to generate carbon credits eventually eligible for compliance use in the South Korean emissions trading scheme.

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China’s State Council backs voluntary offset exchange

Published 13:55 on September 21, 2020  /  Last updated at 21:42 on September 21, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.

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Carbon neutral LNG faces uphill battle in China, gas distributor says

Published 10:38 on September 18, 2020  /  Last updated at 00:19 on September 19, 2020  /  Asia Pacific, Carbon Taxes, CBAM, China, China's Offset Market, International, Voluntary Market  /  No Comments

The recent failure to fetch any premium at China’s first-ever carbon neutral LNG auction shows market appetite is still low, but upstream suppliers can help by improving their information disclosure, according to a report released by a state-owned gas distributor.

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